GSA Capital Partners LLP Invests $1.05 Million in Delek Logistics Partners, L.P. $DKL

GSA Capital Partners LLP purchased a new position in Delek Logistics Partners, L.P. (NYSE:DKL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,628 shares of the oil and gas producer’s stock, valued at approximately $1,054,000.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Delek Logistics Partners in the 2nd quarter worth $50,000. Jones Financial Companies Lllp grew its holdings in shares of Delek Logistics Partners by 303.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 910 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Delek Logistics Partners by 245.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 1,910 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Delek Logistics Partners by 1,186.5% during the 2nd quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock valued at $180,000 after purchasing an additional 3,868 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Delek Logistics Partners during the 2nd quarter valued at $207,000. Institutional investors own 11.75% of the company’s stock.

Delek Logistics Partners Trading Up 0.9%

Shares of DKL opened at $51.74 on Friday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 16.37, a PEG ratio of 0.60 and a beta of 0.50. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 386.77. The firm has a fifty day simple moving average of $51.33 and a two-hundred day simple moving average of $49.29. Delek Logistics Partners, L.P. has a twelve month low of $40.10 and a twelve month high of $55.89.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.20). The firm had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $239.87 million. Delek Logistics Partners had a net margin of 16.00% and a return on equity of 1,917.10%. On average, research analysts anticipate that Delek Logistics Partners, L.P. will post 3.86 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend was Monday, May 4th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.13. Delek Logistics Partners’s dividend payout ratio is currently 143.04%.

Wall Street Analyst Weigh In

DKL has been the topic of several recent research reports. Truist Financial initiated coverage on shares of Delek Logistics Partners in a report on Tuesday, March 24th. They set a “hold” rating and a $57.00 target price on the stock. Weiss Ratings lowered shares of Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Mizuho increased their price target on shares of Delek Logistics Partners from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Zacks Research cut shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Raymond James Financial reissued an “outperform” rating and set a $60.00 price target on shares of Delek Logistics Partners in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Delek Logistics Partners has a consensus rating of “Hold” and a consensus target price of $55.25.

About Delek Logistics Partners

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.